meine augen sind die sterne
- #1,341
- Jul 17, 2011 11:33am Jul 17, 2011 11:33am
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
- #1,343
- Jul 18, 2011 1:01pm Jul 18, 2011 1:01pm
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
meine augen sind die sterne
Hi 3djohn,
Glat to you read you've been following this with interest. That and your suggestion prompted a reply.
The suggestion you made about two levels, do you mean something like this:
http://new-millenniuminc.com/wp-cont...y-in-trade.png
Always a buy or buy stop above and always a sell stop below, the successive orders hit in the opposite direction are successively larger/martingaled.
Exactly my idea - sounds so simple, doenst it.?
I can tell you with absolute certainty, you need a bit more than to just double the second order
and I don't mean just by size of the second order. There's times zone to consider, ratios of GAP to take profit, volatilty, trend, etc.
I have good backtest with gaps ranging form 20 pips, right up to 100 pips, with take profits from 8 pips, to 35 pips a trade on the top 6 currency pairs.pretty much anything with a lowish spread, although I do all my testing with fixed 3 pip spreads. A 48 pips gap for about 8-10 pips on initial trade is about what I deem the scalper variant......and for that to work the martingale factor is about x6. Wind it back to 25 pip gap for 75 profit and the factor is under 1.
Ive all sorts of take profit expansion and martingales rules involved, as well as myriad of rules designed to have it better pick the direction of its next grid trade - versus blindly going in one direction until the market turns and having to rely fully on the 100% win math grid to reverse direction.
Been working on taming this particular beast for over a year, and it does produce some solid backtests. But, I have to say the martingale drawdown and loss is the biggest challenge to manage, to be able to cop the odd loss but not be too devasted by it.
The EA on this chat is not a 100% hands free autotrader, pretty much its a tool to be applied at a traders discretion - very, very hard to ever quantify it's profitability like that. But, it does what it programmed to do - cant ask any more of an EA than that
If you are keen John, and it seems that you are, I do have a small development group going and as soon as I have sorted the security on the EA they will be getting the latest build, # 63, a year of near full time work and coding costs at reasonable rates approaching 10k.
This is the type of committment required to develope an EA such as this to its end - folks asking for free coding upgrades are just bit shy of the mark I think.
If you'd like to be part of it just inquire directly.
Once the project is complete, or nearer completion I'll share some the factors that I found to be beneficial to the bottom line, and risk management for what its worth. Maybe the fellow who has to do the hard work of coding will take on board some of the ideas, enhance the EA on this thread and still be kind enough to share his hard work around.
Kudos to him.
Cheers, Adam
Glat to you read you've been following this with interest. That and your suggestion prompted a reply.
The suggestion you made about two levels, do you mean something like this:
http://new-millenniuminc.com/wp-cont...y-in-trade.png
Always a buy or buy stop above and always a sell stop below, the successive orders hit in the opposite direction are successively larger/martingaled.
Exactly my idea - sounds so simple, doenst it.?
I can tell you with absolute certainty, you need a bit more than to just double the second order
and I don't mean just by size of the second order. There's times zone to consider, ratios of GAP to take profit, volatilty, trend, etc.I have good backtest with gaps ranging form 20 pips, right up to 100 pips, with take profits from 8 pips, to 35 pips a trade on the top 6 currency pairs.pretty much anything with a lowish spread, although I do all my testing with fixed 3 pip spreads. A 48 pips gap for about 8-10 pips on initial trade is about what I deem the scalper variant......and for that to work the martingale factor is about x6. Wind it back to 25 pip gap for 75 profit and the factor is under 1.
Ive all sorts of take profit expansion and martingales rules involved, as well as myriad of rules designed to have it better pick the direction of its next grid trade - versus blindly going in one direction until the market turns and having to rely fully on the 100% win math grid to reverse direction.
Been working on taming this particular beast for over a year, and it does produce some solid backtests. But, I have to say the martingale drawdown and loss is the biggest challenge to manage, to be able to cop the odd loss but not be too devasted by it.
The EA on this chat is not a 100% hands free autotrader, pretty much its a tool to be applied at a traders discretion - very, very hard to ever quantify it's profitability like that. But, it does what it programmed to do - cant ask any more of an EA than that
If you are keen John, and it seems that you are, I do have a small development group going and as soon as I have sorted the security on the EA they will be getting the latest build, # 63, a year of near full time work and coding costs at reasonable rates approaching 10k.
This is the type of committment required to develope an EA such as this to its end - folks asking for free coding upgrades are just bit shy of the mark I think.
If you'd like to be part of it just inquire directly.
Once the project is complete, or nearer completion I'll share some the factors that I found to be beneficial to the bottom line, and risk management for what its worth. Maybe the fellow who has to do the hard work of coding will take on board some of the ideas, enhance the EA on this thread and still be kind enough to share his hard work around.
Kudos to him.
Cheers, Adam
